As of 10:30 Moscow time, Eurotrans shares are trading at 38.80…
As of 10:30 Moscow time, Eurotrans shares are trading at 38.80 rubles. According to exchange data, the cost of transport holding company EuroTrans stocks on the Moscow Exchange has dropped by 14%, reaching a level of 37.7 rubles per share.
Consensus
- Shares of PAO Evrotrans declined significantly on the Moscow Exchange.
- The decline occurred amid reports of financial distress and potential bankruptcy proceedings.
- Evrotrans reported technical defaults on multiple bond issues, including missed coupon payments.
- The company issued notifications about these defaults to the market.
Points of divergence
- Bank 'Rossiya' intends to file a bankruptcy petition against Evrotrans in arbitration court and has already notified the Federal Register (Federesource). — vedomosti
- The share price drop was driven by technical defaults on bond coupons, with specific amounts reported: 75.6 million rubles for series 01, 10.2 million rubles for issue 002R-02, and a 41.1 million ruble delay for series BO-001R-03. — kommersant
- Moscow Exchange introduced a short-selling ban on Evrotrans shares starting July 21 due to internal risk parameters of the National Clearing Center, not regulatory requirements. — vedomosti
Coverage (2 sources)
- Eurotrans shares dropped by 11% amid bankruptcy rumors — Ведомости
- Eurotrans shares plummeted by 14% due to bond defaults — Коммерсантъ